GLD SPDR Gold Shares Daily Chart Analysis: 2026-May-08 07:04 CT

Price Action

• Last: 437.34,
• Bars: Medium,
• Mom: average.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month May

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt High 437.42,
• 4. Pvt. Next: Pvt Low 427.40,
• 5. Levels R: 495.88, 492.15, 481.31, 448.70, 437.42,
• 6. Levels S: 413.28, 400.26, 399.20, 395.33, 388.52.

Daily Benchmarks

• (Short-Term) 5 Day: 422.16 Up Trend,
• (Short-Term) 10 Day: 424.43 Up Trend,
• (Intermediate-Term) 20 Day: 431.68 Down Trend,
• (Intermediate-Term) 55 Day: 434.08 Down Trend,
• (Long-Term) 100 Day: 434.08 Down Trend,
• (Long-Term) 200 Day: 393.21 Up Trend.

Additional Metrics

• ATR: 159,
• VOLMA: 7207880.

Overall Rating

• Short-Term: Neutral,
• Intermediate-Term: Bearish,
• Long-Term: Bullish.

Key Insights Summary

GLD is trading near 437.34 after a sharp April pullback and a partial recovery into early May, leaving price back above the short-term 5 and 10 day benchmarks but still working through the overhead influence of the 20 and 55 day averages. The swing pivot structure remains in an overall UTrend, with the latest pivot high at 437.42 and the next pivot reference projected to a lower pivot at 427.40, reflecting a market that has recently transitioned from a strong rally into a choppy consolidation/retracement phase. The layered resistance stack remains visible above price, while support levels are clustered below in the low 400s, consistent with a market that is still digesting the prior expansion from the March highs and the late-April selloff. Medium-term tone remains mixed-to-soft because price is still below the intermediate benchmark band, while the long-term backdrop stays constructive with price well above the 200 day area and the larger trend structure intact.